By Nick Timiraos | The Wall Street Journal
How’s the housing market doing? The answer is that it depends on your time frame.
Looking back against 2011, when prices and sales hit bottom, the market is clearly improved.
Compared with last year, the pace of sales gains have slowed, but they’re not getting dramatically worse, either. Prices are up around 5%, slower than the year before but enough to quiet fears of a new bubble. Sales are flat to down.
Ten charts help provide some context to the housing figures for home sales, construction, inventory and prices that are reported every month. Think of it as a report card, one that’ll be updated regularly with each new data point.
